LONDON–(BUSINESS WIRE)–Sep 28, 2020–
Technavio has been monitoring the web real time communication market and it is poised to grow by USD 16.01 billion during 2020-2024, progressing at a CAGR of almost 46% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Web Real Time Communication (webRTC) Market 2020-2024 (Graphic: Business Wire)
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Frequently Asked Questions-
- Based on segmentation by platform, which is the leading segment in the market?
- The browsers segment is expected to be the leading segment based on platform in the global market during the forecast period.
- What are the major trends in the market?
- Increased adoption of BYOD concept is one of the major trends in the market.
- At what rate is the market projected to grow?
- Growing at a CAGR of almost 46%, the incremental growth of the market is anticipated to be USD 16.01 billion.
- Who are the top players in the market?
- Alphabet Inc., Apple Inc., AT&T Inc., Avaya Holdings Corp., Cisco Systems Inc., Dialogic Corp., International Business Machines Corp., Microsoft Corp., Ribbon Communications Inc., and Vonage Holdings Corp. are some of the major market participants.
- What are the key market drivers and challenges?
- Increasing Internet penetration is one of the major factors driving the market. However, the popularity of Voice over Internet Protocol (VoIP) will restrain market growth.
- How big is the North America market?
- The North America region will contribute 36% of market growth.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Alphabet Inc., Apple Inc., AT&T Inc., Avaya Holdings Corp., Cisco Systems Inc., Dialogic Corp., International Business Machines Corp., Microsoft Corp., Ribbon Communications Inc., and Vonage Holdings Corp. are some of the major market participants. The increasing Internet penetration will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
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Web Real Time Communication Market 2020-2024: Segmentation
Web Real Time Communication Market is segmented as below:
- North America
- South America
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Web Real Time Communication Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The web real time communication market report covers the following areas:
- Web Real Time Communication Market Size
- Web Real Time Communication Market Trends
- Web Real Time Communication Market Analysis
This study identifies increased adoption of BYOD concept as one of the prime reasons driving the web real time communication market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Web Real Time Communication Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist web real time communication market growth during the next five years
- Estimation of the web real time communication market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the web real time communication market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of web real time communication market vendors
Table of Contents:
- Market ecosystem
- Value chain analysis
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 – 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Application
- Market segments
- Comparison by Application
- Video – Market size and forecast 2019-2024
- Voice – Market size and forecast 2019-2024
- Data sharing – Market size and forecast 2019-2024
- Market opportunity by Application
Market Segmentation by Platform
- Market segments
- Comparison by Platform
- Browser – Market size and forecast 2019-2024
- Mobile – Market size and forecast 2019-2024
- UC – Market size and forecast 2019-2024
- Market opportunity by Platform
- Geographic segmentation
- Geographic comparison
- North America – Market size and forecast 2019-2024
- Europe – Market size and forecast 2019-2024
- APAC – Market size and forecast 2019-2024
- South America – Market size and forecast 2019-2024
- MEA – Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers – Demand led growth
- Market challenges
- Market trends
- Vendor landscape
- Landscape disruption
- Vendors covered
- Market positioning of vendors
- Alphabet Inc.
- Apple Inc.
- AT&T Inc.
- Avaya Holdings Corp.
- Cisco Systems Inc.
- Dialogic Corp.
- International Business Machines Corp.
- Microsoft Corp.
- Ribbon Communications Inc.
- Vonage Holdings Corp.
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
View source version on businesswire.com:https://www.businesswire.com/news/home/20200928005400/en/
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INDUSTRY KEYWORD: DATA MANAGEMENT COMMUNICATIONS TECHNOLOGY TELECOMMUNICATIONS SOFTWARE OTHER COMMUNICATIONS INTERNET
SOURCE: Technavio Research
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